This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
The Bank of Morocco reported that the inflation rate in Morocco is expected to decline to 0.8 percent during the fourth quarter of 2024, after recording 1.3 percent in the previous quarter.
The Bank of Morocco explained in its latest report on monetary policy that this slight slowdown is mainly due to the expected drop in fuel and lubricant prices of 12.4 percent after a drop of 2.8 percent in the previous quarter. which reflects the development of the oil sector. product prices during the last quarter internationally.
On the other hand, and taking into account the achievements recorded in October and the data available concerning prices at the wholesale market level as well as their seasonal impact, it is expected that the prices of food products at fluctuating prices will record an annual drop of 0.6 percent during the fourth quarter of 2024, compared to a decline of 0.6 percent annually, 1.1 percent on average during the third quarter of the same year.
Furthermore, the Bank of Morocco indicates that the underlying inflation indicator should accelerate to 2.3% instead of the 2.1% recorded in the previous quarter.
As for regulated prices, in the absence of relevant government decisions, they should remain at approximately the same rate recorded during the third quarter, i.e. at 2 percent.
